Top 3 Earnings Coming Late on Thursday
24/7 Wall St. has put together a preview of GameStop, Micron Technology and KB Home, which are expected to share their quarterly results late Thursday.
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[cnxvideo id=”655426″ placement=”ros”]The Dow Jones Industrial Average and the S&P 500 are both steadily sinking lower this week ahead of the vote on health care. While the Dow had closed higher for weeks, it seems that this recent pullback has been a solidifying factor for the markets, but if they continue to slide it could be correction territory.
It’s worth noting that a vast majority of companies already have reported their earnings for the most recent quarter, but a few stragglers are still left before the next season kicks into gear. 24/7 Wall St. has put together a preview of some of those companies reporting their latest results on Thursday.
We have included the consensus earnings estimates from Thomson Reuters and the stock price and trading history, as well as added some additional color on each.
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When GameStop Corp. (NYSE: GME) reports its most recent quarterly results, the consensus estimates predict $2.29 in earnings per share (EPS) and $3.1 billion in revenue. Shares were last seen at $23.83, in a 52-week trading range of $20.10 to $33.72. The consensus analyst price target is $25.84.
Fiscal second-quarter results from Micron Technology Inc. (NASDAQ: MU) also are scheduled for the afternoon. The consensus forecast is $0.85 in EPS on $4.64 billion in revenue. Shares were recently at $26.20. The consensus price target is $32.88. The 52-week range is $9.35 to $26.61.
And KB Home (NYSE: KBH) is set to release its most recent results after the close as well. The consensus estimates call for $0.13 in EPS and $802.79 million in revenue. Shares traded at $19.26, with a consensus price target of $16.93 and a 52-week range of $12.38 to $19.82.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
